SBA lending record

Ray Manufacturing LLC

424 19th St. SW, Watertown, SD 57201 · Machine Shops. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$766K

Total SBA financing

Loans on record

FY2024

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 2 loans

$50,000 — FY2024

Loan 1 of 2

Gross approval: $50,000
SBA guaranteed: $25,000 (50%)
Status: Cancelled
Rate at approval: 11% v
Term: 120 mo (10 yr)
Program: SBA Express Program
Subprogram: FA$TRK (Small Loan Express)
Loan type: Term loan
Purpose: Business purchase
Approved: 11/18/2023
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Change of Ownership
Industry: Machine Shops
NAICS code: 332710
Lender: The Huntington National Bank
Address: 424 19th St. SW
City: Watertown, 57201
County: Codington
SBA district office: SOUTH DAKOTA DISTRICT OFFICE
Congressional district: 0

$716,000 — FY2024

Loan 2 of 2

Gross approval: $716,000
SBA guaranteed: $537,000 (75%)
Status: Cancelled
Rate at approval: 11% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 11/18/2023
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Change of Ownership
Industry: Machine Shops
NAICS code: 332710
Lender: The Huntington National Bank
Address: 424 19th St. SW
City: Watertown, 57201
County: Codington
SBA district office: SOUTH DAKOTA DISTRICT OFFICE
Congressional district: 0

The lender

The Huntington National Bank

2 loans to this businessFull SBA lending record + branches on the lender page →

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The banks most active funding machine shops — by location, industry.

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Houck Machine Company

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SBA financing: ≈ $1.8M–$3.0M
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Leister Custom Machining, LLC

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SBA financing: ≈ $980K–$1.6M
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Pomeroy Tool Inc.

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SBA financing: ≈ $1.8M–$3.0M
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Agent summary

This page summarizes the public SBA 7(a) lending record for Ray Manufacturing LLC in Watertown, SD (Machine Shops). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

2 SBA 7(a) loans totaling $766K
On record FY2024
8 jobs supported
Industry: Machine Shops
Location: Watertown, SD
Lender: The Huntington National Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Machine Shops businesses in SD for ~$383k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/ray-manufacturing-llc-sd
API:: https://www.capbench.com/api/public/businesses/ray-manufacturing-llc-sd
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Ray Manufacturing LLC.